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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    8-Jan-14Compass PointDowngradeBuyNeutral
    24-Oct-13FBR CapitalDowngradeOutperformMkt Perform
    11-Aug-09FBR CapitalUpgradeMkt PerformOutperform
    11-Nov-08CitigroupDowngradeHoldSell
    11-Nov-08Friedman BillingsDowngradeOutperformMkt Perform
    11-Nov-08JMP SecuritiesDowngradeMkt OutperformMkt Perform
    1-Apr-08Bear StearnsDowngradeOutperformPeer Perform
    5-Mar-08CitigroupDowngradeBuyHold
    27-Sep-07Bear StearnsUpgradePeer PerformOutperform
    4-Sep-07UBSDowngradeNeutralSell
    16-Aug-07Friedman BillingsUpgradeMkt PerformOutperform
    15-Aug-07Friedman BillingsDowngradeOutperformMkt Perform
    15-Aug-07Lehman BrothersDowngradeOverweightEqual-weight
    20-Jun-07JMP SecuritiesInitiatedStrong Buy
    10-Nov-06Bear StearnsDowngradeOutperformPeer Perform
    17-Oct-06WachoviaDowngradeOutperformMkt Perform
    3-Feb-06Bear StearnsUpgradePeer PerformOutperform
    12-Sep-05JMP SecuritiesInitiatedStrong Buy
    7-Sep-05Bear StearnsInitiatedPeer Perform
    5-Aug-05Friedman BillingsInitiatedOutperform
    4-Aug-05Smith Barney CitigroupInitiatedBuy
    3-Aug-05JP MorganInitiatedNeutral
    3-Aug-05WachoviaInitiatedOutperform

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